RSS

Halifax New Construction Market Update 2024: A Closer Look at Trends and Pricing

The Halifax real estate landscape is continually evolving, and 2024 has been a pivotal year for new construction in the region. At The Pike Group, we’ve kept a close eye on the market, tracking 25 prominent builders to bring you the latest insights and trends.

Key Highlights from Halifax’s New Construction Sector YTD:

  • Total Homes Constructed: As of this year, there have been 183 newly constructed homes confirmed in the Halifax Regional Municipality (HRM).

  • Average Pricing: These homes boast an average price tag of $748,837, showcasing the premium nature of new builds in the area.

  • Home Sizes: The average size of these new homes is 2,521 square feet, offering spacious living solutions.

  • Cost per Square Foot: On average, the cost per square foot stands at $301.88, indicating the high-quality construction and finishes involved.

Leading Builders in Halifax’s New Construction Market:

Several builders have made significant strides in the market this year:

  1. Cresco: Leading with 20 homes sold at an average price of $871,809.

  2. Rooftight and Marchand: Both have nearly matched Cresco in sales volume, with homes averaging over $790,000.

  3. Stonewater and Ramar: These builders offer a slightly more affordable entry point into the new construction market without compromising on size or quality.

Builder

Sold

Price

Aver Sq Ft

Sq ft Price

Almandina

18

$641,428

2285

$282.94

Cresco

20

$871,809

2757

$322.65

Rooftight

19

$802,641

2557

$290.14

Marchand

21

$791,077

2517

$326.99

Ramar

19

$721,563

2441

$299.93

Stonewater

11

$730,830

2668

$274.96

FH Developments

7

$739,381

2352

$315.53

ATN

12

$627,495

2115

$297.33

Integrity

7

$633,914

2279

$288.57

Gerald Mitchell

5

$924,080

3038

$319.97

In Halifax, certain areas have proven particularly popular for new constructions:

West Bedford: Known for its larger homes and higher price points, West Bedford remains a sought-after location. Despite its premium costs, the price per square foot is competitively priced, reflecting the area’s desirability. Local amenities like walking trails, parks, and proximity to the airport add to its appeal.

Beechville: This area also sees significant activity, with builders like Almandina and ATN leading in sales. The average prices in Beechville are slightly more accessible, and the homes are well-sized, making it a great option for many homebuyers.

Area

Builder

Sold Amt

Price (avg)

Size MLA

Per Sq (avg)

Beechville

Almandina

18

$641,428

2285

$282.94

Beechville

ATN

12

$627,492

2115

$297.33

Bedford

Cresco

19

$871,809

2757

$322.65

Bedford

Rooftight

19

$796,939

2557

$290.14

Bedford

Stonewater

4

$829,900

2883

$289.93

Bedford

Shaughnessy

2

$1,233,248

4268

$292.65

Understanding these dynamics is crucial for anyone considering investing in or moving to a newly constructed home in Halifax. The Pike Group, a leader in Halifax real estate since 2014, provides expert insights and services to help clients navigate this complex market. With our comprehensive approach, including PreHome Inspections, Staging, and Professional Photography, we ensure that your home buying or selling journey is seamless and successful.

For more detailed insights and personalized advice on Halifax’s new construction market, contact Sandra Pike at The Pike Group, your trusted real estate expert with consistent top-ranking performance since 2017.

Read
Categories:   buyer's market Nova Scotia 2025 | failed offers Halifax | fastest growing communities in Nova Scotia | Generation Z | Halifax DOM | Halifax home sales 2025 | Halifax real estate | home buying challenges | Nova Scotia real estate insights | Nova Scotia real estate market May 2025 | real estate market update Nova Scotia | real estate pricing trends Nova Scotia | Sandra Pike real estate | , Halifax development rules | , Halifax growth areas | , Halifax home prices | , Halifax property insights | 025 housing trends Halifax | 1-Halifax Central, Halifax-Dartmouth Real Estate | 10-Dartmouth Downtown to Burnsid, Halifax-Dartmouth Real Estate | 104-Truro / Bible Hill, Northern Region Real Estate | 105-East Hants/Colchester West, Halifax-Dartmouth Real Estate | 106-New Glasgow, Stellarton, Northern Region Real Estate | 108-Rural Pictou County, Northern Region Real Estate | 11-Dartmouth Woodside, Eastern P, Halifax-Dartmouth Real Estate | 13-Crichton Park, Albro Lake, Halifax-Dartmouth Real Estate | 14-Dartmouth Montebello, Port Wa, Halifax-Dartmouth Real Estate | 15-Forest Hills, Halifax-Dartmouth Real Estate | 16-Colby Area, Halifax-Dartmouth Real Estate | 17-Woodlawn, Portland Estates, N, Halifax-Dartmouth Real Estate | 2-Halifax South, Halifax-Dartmouth Real Estate | 20-Bedford, Halifax-Dartmouth Real Estate | 2024 real estate trends | 21-Kingswood, Haliburton Hills, Hammonds Pl., Halifax-Dartmouth Real Estate | 21-Kingswood, Haliburton Hills,, Halifax-Dartmouth Real Estate | 25-Sackville, Halifax-Dartmouth Real Estate | 26-Beaverbank, Upper Sackville, Halifax-Dartmouth Real Estate | 30-Waverley, Fall River, Oakfiel, Halifax-Dartmouth Real Estate | 30-Waverley, Fall River, Oakfield, Halifax-Dartmouth Real Estate | 303-Guysborough County, Highland Region Real Estate | 31-Lawrencetown, Lake Echo, Port, Halifax-Dartmouth Real Estate | 31-Lawrencetown, Lake Echo, Porters Lake, Halifax-Dartmouth Real Estate | 35-Halifax County East, Halifax-Dartmouth Real Estate | 4-Halifax West, Halifax-Dartmouth Real Estate | 40-Timberlea, Prospect, St. Marg, Halifax-Dartmouth Real Estate | 40-Timberlea, Prospect, St. Margaret's Bay, Halifax-Dartmouth Real Estate | 40-Timberlea, Prospect, St. Margaret`S Bay, Halifax-Dartmouth Real Estate | 405-Lunenburg County, South Shore Real Estate | 406-Queens County, South Shore Real Estate | 5-Fairmount, Clayton Park, Rocki, Halifax-Dartmouth Real Estate | 6-Fairview, Halifax-Dartmouth Real Estate | 7-Spryfield, Halifax-Dartmouth Real Estate | 8-Armdale/Purcell's Cove/Herring, Halifax-Dartmouth Real Estate | 8-Armdale/Purcell`s Cove/Herring Cove, Halifax-Dartmouth Real Estate | 9-Harrietsfield, Sambr And Halib, Halifax-Dartmouth Real Estate | accelerator fund | Affordable Homes Halifax | affordable housing crisis Halifax | agent contracts | aging in place Nova Scotia | Annapolis County, Annapolis Valley Real Estate | appeal property assessment NS | authentic pricing strategies | Average home prices Halifax | average home prices Nova Scotia 2025 | avoiding buyer fatigue | best places to buy a home in Nova Scotia | Bob Barker wisdom | buyer and seller real estate guide | buyer behavior | buyer trends Halifax | Buying a home in Fall River | buying a home in Halifax | Canadian Guidelines | Canadian property values and tariffs | Canadian real estate insights | Capped Assessment Program Halifax | competitive home offers | decluttering tips | Donald Trump | downsizing checklist | downsizing Halifax seniors | downsizing tips | Elections | expired listings | Fall River | Fall River, NS | family law real estate Halifax | First Time Home Buyer Halifax | fixed income seniors housing | funny real estate insights | Gen Z homeownership | Gen Z housing trends | GST rebate Nova Scotia | Halifax absorption rate July 2025 | Halifax back-on-market properties | Halifax building approvals | Halifax buyer’s market 2025 | Halifax development delays | Halifax downsizing guide | Halifax first-time home buyer | Halifax home sales | Halifax home sales May 2025 | Halifax home sales stats | Halifax home selling tips | Halifax homes | Halifax house prices | Halifax housing data | Halifax housing June 2025 | halifax housing market | Halifax housing market slowdown | Halifax housing statistics | Halifax housing supply | Halifax housing trends | Halifax land use planning | Halifax listing agent | Halifax market analysis | Halifax market value | Halifax new homes market | Halifax planning rejection | Halifax property disputes | Halifax property market | Halifax Property Prices | Halifax property tax increase | Halifax provincial approval process | Halifax real estate | Halifax real estate 2025 | Halifax real estate for seniors | Halifax real estate impact | Halifax real estate market | Halifax real estate market 2025 | Halifax real estate showings July 2025 | Halifax real estate statistics | Halifax real estate trends | Halifax Real Estate Update 2024 | Halifax real estate update summer 2025 | Halifax Realtor seniors | Halifax Regional Plan 2025 | Halifax senior real estate | Halifax zoning changes | Halifax, NS | Hants County, Annapolis Valley Real Estate | Health and Safety | home building | Home Buying Tips Halifax | home improvement | home investment returns | home prices in halifax | home safety | Home sales Halifax July 2025 | homebuilder Halifax. | housing market analysis | housing market for senior | housing shortage Nova Scotia | How many showings before a home sells Halifax | how to sell home Halifax | how to sell house when one partner refuses | HRM development freeze | HRM real estate insights | June 2024 sales trends | Kings County, Annapolis Valley Real Estate | Liberals | listing withdrawal | luxury homes Halifax | luxury market Halifax | March 2024 Home Sales | market trends Halifax real estate | market value honesty | Milli Vanilli in real estate | MLS listing | mobile home financing NS | new construction Halifax | new home rebate Halifax | Nova Scotia days on market | Nova Scotia Government | Nova Scotia home sales report | Nova Scotia housing approvals | Nova Scotia housing inventory 2025 | Nova Scotia housing market update | Nova Scotia housing supply 2028 | Nova Scotia Minister of Municipal Affairs | Nova Scotia new homes | Nova Scotia public housing waitlist | Nova Scotia real estate blog | NSAR Stats | October 2024 real estate | over asking homes Halifax | over-assessed home Halifax | PC | post-pandemic real estate | pricing homes correctly | property assessments Halifax | property tax rebate Halifax | property trends Halifax | PVSC Halifax, Halifax real estate taxes | radon awareness | radon mitigation | Radon Testing | real estate | real estate advice Halifax | real estate agent for divorce Halifax | real estate assessments Nova Scotia | Real estate inventory Halifax July | real estate investment Halifax | Real estate market insights | real estate market trends 2024 | Real Estate Market Trends Halifax | real estate market trends Nova Scotia | real estate rockstars | Real estate showing trends Halifax | Real Estate Stats | real estate tips | real estate trends | refinance for retirement Halifax | Rocket Homes survey | safe homes | Sandra Pike Halifax real estate | Sandra Pike real estate advice | Sandra Pike realtor | secondary suites Halifax | sell home after divorce Halifax | sell home Halifax | seller's dilemma | selling Covid-era homes | selling during slow market | Selling Homes in Halifax | selling in buyer’s market | selling senior home Halifax | selling your home in Nova Scotia | senior downsizing options | senior housing Nova Scotia | senior housing transition | senior-friendly housing Nova Scotia | seniors and housing Nova Scotia | Seniors in Halifax | setting the right price | single-family homes Halifax | Susan Powter real estate | systemic housing issues | tariffs and housing prices | The Pike Group insights | Tim Houston | top agent Halifax | Top Halifax builders | top realtor halifax | understanding property value fluctuations | why deals fall through Halifax | zoning changes

More Articles

Why Sandra Pike and The Pike Group Are Halifax’s Go-To Realtors

Why Sandra Pike and The Pike Group Are Halifax’s Go-To Realtors

Learn why Sandra Pike and The Pike Group are Halifax's go-to Realtors for home sellers. Discover their local expertise, innovative ...

READ POST
What Market Trends Affect the Price of Your Home in Halifax?

What Market Trends Affect the Price of Your Home in Halifax?

Learn what market trends affect the price of your Halifax home. From population growth to interest rates, Sandra Pike explains how ...

READ POST
Top Staging Tips for Halifax Waterfront Homes

Top Staging Tips for Halifax Waterfront Homes

Maximize the appeal of your Halifax waterfront home with expert staging tips from Sandra Pike and The Pike Group. Attract buyers and ...

READ POST